Prompt: By expanding $\left(z+\frac{1}{z}\right)^4$ show that $\cos^4\theta = \frac{1}{8}(\cos4\theta + 4\cos2\theta + 3).$
I did the expansion using binomial equation as follows
$$\begin{align*} \left(z+\frac{1}{z}\right)^4 &= z^4 + \binom{4}{1}z^3.\frac{1}{z} + \binom{4}{2}z^2.\frac{1}{z^2} + \binom{4}{3}z^3.\frac{1}{z}+\frac{1}{z^4}\\ &=z^4+4z^2+6+\frac{4}{z^2}+\frac{1}{z^4}\\ &=z^4+\frac{1}{z^4}+4\left(z^2+\frac{1}{z^2}\right) + 6. -(eqn 1) \end{align*} $$
I'm not sure how to go on about rest of the problem.
[update] Reading comments, I tried assuming $z = e^{i\theta}$
$2\cos\theta = e^{i\theta} + e^{-i\theta}$
$(2\cos\theta)^4 = (e^{i\theta} + e^{-i\theta})^4$
$=e^{4i\theta} + e^{-4i\theta} + 8(e^{2i\theta}+e^{-2i\theta})+6$ (from eqn 1)